Chery Automobile (HKG:9973) is looking to enter the U.S. market at a "good and suitable" time, Reuters reported Wednesday, citing Chery International President Zhang Guibing's remarks to reporters.
Zhang's remarks come after President Donald Trump signified he could open doors to Chinese automakers if they build cars in the U.S., the report said.
"Everyone knows the American car market is huge ... we definitely have the idea of selling cars in the United States. Everyone definitely has that idea," Reuters quoted Zhang as saying.
Chery, China's largest car exporter, has not yet added the U.S. to its list of export destinations, and has since focused on Europe, Latin America, the Middle East, and Southeast Asia, the report said.
The company forecasts its overseas electric vehicle sales to rise by as much as 27% in 2026, the South China Morning Post reported separately, citing Zhang.
The EV sector's sales could surge by as much as 70% of the carmaker's total exports. the report said.
Chery's EV sales could equate to nearly 1.1 million units, more than the 827,000 units in 2025, the SCMP said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)